Business Insurance
A blast at a mine in Los Cedros, located in the Colombian municipality of El Zulia, on July 31 killed nine people.
Posted: Aug 03, 2020
Mental health care providers face various liability risks, in every type of care setting. Mitigating risk is critical to sustaining their mission to deliver care. Learn more in this Business Insurance Risk Perspective from Philadelphia Insurance Comp...
Posted: Aug 03, 2020
A federal appeals court has overturned a lower court and ruled an insurer must defend an apartment management firm in litigation over the return of security deposits but held off on deciding whether it must also indemnify the policyholder.
Posted: Jul 31, 2020
Two teenagers and a 22-year-old were charged with hacking the Twitter Inc. accounts of famous people including former President Barack Obama, billionaire Bill Gates and Tesla Chief Executive Elon Musk, the Department of Justice said Friday.
Posted: Jul 31, 2020
Hartford Financial Services Group Inc. reported $248 million in catastrophe losses in the second quarter, including $110 million from civil unrest and losses related to the COVID-19 pandemic, according to earnings statement released Thursday.
Posted: Jul 31, 2020
A federal appeals court has reinstated the sexual harassment lawsuit filed by actress Ashley Judd against movie producer Harvey Weinstein.
Posted: Jul 31, 2020
Chinese government-linked hackers targeted biotech company Moderna Inc., a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese hacking.
Posted: Jul 31, 2020
A bill introduced in the U.S. Senate Wednesday would help workers at federal radioactive sites obtain workers compensation for work-related cancers and other health issues.
Posted: Jul 31, 2020
A New Jersey bill would prohibit employers and insurers from filing a claim against a third-party to recover workers compensation benefits paid after a work-related automobile accident.
Posted: Jul 31, 2020
Arthur J. Gallagher & Co. on Thursday reported a 7.7% increase in second-quarter brokerage revenue to $1.2 billion.
Posted: Jul 31, 2020
Most employers are creating their own return-to-work strategies and few have returned their full workforce to the office, according to a survey released Thursday by Philadelphia-based law firm Blank Rome LLP.
Posted: Jul 31, 2020
New Jersey may become the next state to enact a law presuming that essential workers who acquire COVID-19 did so on the job.
Posted: Jul 31, 2020
Aon PLC reported a 4.2% fall in second-quarter revenue to $2.5 billion and expects similar pressure on revenue for the remainder of the year if current economic conditions continue, the company’s top executives said Friday.
Posted: Jul 31, 2020
The U.S. Occupational Safety and Health Administration on Thursday issued revisions to its rules regarding access to employee medical records and internal procedures that federal personnel must follow when obtaining and using personally identifiable...
Posted: Jul 31, 2020
Twitter Inc., whose internal systems were breached about two weeks ago, said on Thursday the incident targeted a small number of employees through a phone “spear-phishing” attack.
Posted: Jul 31, 2020
(Reuters) — TikTok, the popular short-form video app, has been sued by rival Triller, which accused it of infringing its patent for stitching together multiple music videos with a single audio track.
Posted: Jul 31, 2020
Several brokers and insurers posted second-quarter results this week showing the impact of what Chubb Ltd. Chairman and CEO Evan Greenberg called the “slow-rolling global catastrophe” of the COVID-19 pandemic. Topping the news, though, is Axa XL’s na...
Posted: Jul 31, 2020
The U.K. government has launched a £500 million ($651 million) emergency film and TV coronavirus production insurance fund, which will cover the cost if shoots stop in the event of a second lockdown.
Posted: Jul 31, 2020
Italian insurer Assicurazioni Generali SpA's net profit fell nearly 60% to €774 million ($913 million) in the first half of the year, due to the COVID-19 pandemic.
Posted: Jul 31, 2020
U.K.-based RSA Insurance Group PLC hopes to be able to pass on COVID-19 pandemic-related losses to its group volatility cover and catastrophe reinsurance programs.
Posted: Jul 31, 2020
Japan-based airline ANA Holdings Inc. posted a record net loss of nearly 109 billion Japanese yen ($1 billion) in the second quarter of the year due to the COVID-19 pandemic.
Posted: Jul 31, 2020
The Insurance Council of Australia and the Australian Financial Complaints Authority plan to file a test case to seek a decision from a superior court on whether business interruption is covered under infectious diseases insurance policies.
Posted: Jul 31, 2020
Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked in the first half of the year would likely cover the bulk of its pandemic-related losses.
Posted: Jul 31, 2020
Storm Isaias hit Puerto Rico and the Dominican Republic on July 30 and caused widespread damage.
Posted: Jul 31, 2020
A federal appeals court has reversed a lower court and reinstated sex discrimination charges filed by a male graduate student charged with sexual misconduct against Arizona State University in connection with its handling of his case.
Posted: Jul 30, 2020